Vietnam aims to promote agricultural exports to Africa

Africa has remained a silver lining in trade between Vietnam and the world, Deputy Minister of Foreign Affairs Ha Kim Ngoc affirmed at a seminar held by the foreign ministry on November 1.
Vietnam aims to promote agricultural exports to Africa ảnh 1Vietnam’s agricultural export to Africa exceeded 950 million USD last year, accounting for 26.5% of the country’s total export revenue to the region, driven by rice and coffee. (Photo: VNA)
Hanoi (VNA) – Africa has remained a silverlining in trade between Vietnam and the world, Deputy Minister ofForeign Affairs Ha Kim Ngoc affirmed at a seminar held by the foreign ministry onNovember 1.

The official elaborated that in the first nine monthsof this year, trade between the two sides went up 4.7% to 4.35 billion USD,while that between Vietnam and the world dropped nearly 11% year-on-year.

Vietnam has many favourable conditions to promotethe export of agricultural products to Africa, he said, stressing Vietnamese Party and State high-ranking leaders are also interested in enhancing economic cooperation with theregion.
Vietnam aims to promote agricultural exports to Africa ảnh 2A view of the seminar (Photo: baoquocte.vn)
With a population of some 1 billion, Sub-SaharaAfrica would be a promising market for Vietnamese agricultural exports, hesaid, suggesting Vietnamese managers and firms to take appropriate measures to promoteproducts in the market effectively, apart from raising competitiveness in termsprice and quality.

Participants pointed to obstacles to the promotionof Vietnamese farm produce in Sub-Sahara Africa, including the lack of informationabout the market, partners and legal regulations, high transportation costs, complicatedcustoms procedures, and technical barriers.

They suggested sending trade promotion delegationsto the region, and discussed the establishment of showrooms for agriculturalproducts at Vietnamese representative offices there.

Vietnam’s agricultural export to Africa exceeded 950million USD last year, accounting for 26.5% of the country’s total exportrevenue to the region, driven by rice and coffee.  

Following the seminar, the ministry is scheduled toorganise another on promoting Vietnamese agricultural products in the MiddleEast and North Africa later this month./.
VNA

See more

At the meeting of permanent Government members in Hanoi on May 24. (Photo: VNA)

Reciprocal trade negotiations with US must ensure Vietnam's core interests: PM

The future tasks must ensure Vietnam's core interests while helping consolidate and strengthen the Vietnam-US Comprehensive Strategic Partnership, bringing benefits to both countries and their consumers, and contributing to peace, stability, cooperation, and development in the region and the world, PM Chinh said.

Vietnam and the US hold the second negotiation session of the bilateral agreement on reciprocal trade in Washington D.C from May 19 to 22. - Illustrative image (Photo: VNA)

Vietnam, US look to boost bilateral economic, trade cooperation

Dien stated that Vietnam has a strong and stable demand for US products, equipment, and services, especially in hi-tech and energy sectors. He affirmed Vietnam’s commitment to fostering a transparent and healthy trade environment, noting that Vietnam stands ready to boost coordination with the US side in combating trade fraud, origin fraud, and illegal transshipment.

Ba Son bridge connects downtown Ho Chi Minh City with Thu Thiem urban area (Photo: VNA)

New development momentum for Vietnam’s economic locomotive

For over five decades, the Southeast region has been recognised as Vietnam’s economic and growth engine. At its core is HCM City, flanked by Binh Duong and Ba Ria – Vung Tau, together forming key growth poles not only for the Southeast but for the entire country.